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At the end of the year DRJ Enterprises reported total intangible assets of $838 million. At...

At the end of the year DRJ Enterprises reported total intangible assets of $838 million. At the end of the prioryear, it reported total intangible assets of $936 million. During the year they amortized $244 million of intangible assets. During the year, how much (in $ millions) cash did they use to acquire new intangible assets or how cash did they receive from selling intangible assets? Be certain to include a negative sign in front of your answer if they acquired new intangible assets during the year.PLEASE SHOW ALL STEPS.

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Answer #1

So here

The beginning intangible assets 936Mio

Amortization of the assets (244)Mio

Remaining value of the Assets 692Mio

Value of the Assets at year end 838Mio

So net Cash spent on acquring new intangible Assets = 838-692 = -146Mio which is outflow of cash

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